Honestly, you need more detailed advice then you'll be able to obtain online.  

@Danny Wu I cant answer that question right now but as I learn more about this area's market i'll talk to you about it. look online and do some research @Sean Lauber , my job pays me very well, but I'm looking for more financial independence.

Absolutely make use of all the online tools available throughout the processEvaluate resumes and reviews/recommendations from trusted resouces, peers and past clients (like you would on LinkedIn for example)Narrow down your search to the top candidates and schedule in-person interviewsChoose your top 3-4 final candidates and check referencesThen ask at least three to provide bids for your scope of work requiredEvaluate the bids and pick your top candidate...then there is one crucial step left...Make sure to take an in person look at the physical finished work your final chosen contractor has done recently.Like almost everything else in real estate, choosing a great contractor requires time and effort.  

If one were to take the income thrown off from these assets as say property management income, then that would be a business and that income can be sheltered by use of a retirement account.  

You will likely need to establish an account and file a monthly sales tax report and payment.  

Originally posted by Account Closed:@James W.

Account Closed

If I am correct then anything sold above $100k ($400k-$300k) is taxable taking into account depreciation recapture.

I wanted to be hands on.And yet, those two houses costed me 6 figures from a raided prepaid renovation "reserve" when the contractor "went under" and left my projects unfinished and my accounts emptied.It was humiliating, and damaging.

The typical Team members are Attornies, real estate Agents, a CPA (or accountants), Inspectors, General Contractors, and Handymen.I have most of my experience in the construction business and a little experience in real estate.